Öz
During the 2007 crisis, Romania faced
many economic challenges: a rise
of inflation, large exchange rate fluctuations, drop of the banking credits, a
high share of non-performing loans, drop of the banking profitability ratios.
Starting with 2014, the Romanian economy has rebounded. The banking system
relaunched its increasing trend of
banking loans, mainly for consumption, the wages increased and the economic
growth reached the highest level in the European Union (EU) area. The public
debt and current account deficit largely increased, public deficit is higher
than 3%, the inflation re-surged at high levels and the economic growth
is mainly based on consumption which couldn’t be sustainable in the long-run.
(Retrieved Video Article from: https://www.youtube.com/watch?v=Gm7Ebehww0c)
Anahtar Kelimeler
economic crisis banking credit macroeconomic environment Romania
Kaynakça
- Ehsan, A., Rosser, B. and Uppal, J. (2017) Financialization and speculative bubbles – International evidence, CAMA Working Paper, Nr. 6/2017. ,2-17.
- Isărescu, M. (2009) International financial crisis and challenges for the Romanian monetary policy, NBR analysis, pp. 9.
- Marga, A. (2012) Crisis after crisis. World change. 3rd Edition, Eikon Publishing House, Cluj-Napoca.
- Peicuți, C. (2011) World in crisis. Systems errors, Polirom Publishing House, Iași.
- Young, B. (2014) Financial crisis: causes, policy responses, future challenges, European Commission, Nr. 26554, available online at https://publications.europa.eu/en/publication-detail/-/publication/aad9777e-2960-4b11-b8b4-afd6832d76b2.
- Council of the Romanian Banking Unions, « Banks and Economic Growth», November 2014 available online at https://www.cpbr.ro/uploads/fisiere/f62_deloitte%20banking%20study%202015%20ro-small.pdf.pdf
- https://economie.hotnews.ro (HotNews site).
- https://www.insse.ro (National Institute of Statistics site)
- www.bnro.ro (National Bank of Romania).
Öz
During the 2007 crisis, Romania faced many economic challenges: a rise of inflation, large exchange rate fluctuations, drop of the banking credits, a high share of non-performing loans, drop of the banking profitability ratios. Starting with 2014, the Romanian economy has rebounded. The banking system relaunched its increasing trend of banking loans, mainly for consumption, the wages increased and the economic growth reached the highest level in the European Union (EU) area. The public debt and current account deficit largely increased, public deficit is higher than 3%, the inflation re-surged at high levels and the economic growth is mainly based on consumption which couldn’t be sustainable in the long-run.
(Retrieved Video Article from: https://www.youtube.com/watch?v=Gm7Ebehww0c)
Kaynakça
- Ehsan, A., Rosser, B. and Uppal, J. (2017) Financialization and speculative bubbles – International evidence, CAMA Working Paper, Nr. 6/2017. ,2-17.
- Isărescu, M. (2009) International financial crisis and challenges for the Romanian monetary policy, NBR analysis, pp. 9.
- Marga, A. (2012) Crisis after crisis. World change. 3rd Edition, Eikon Publishing House, Cluj-Napoca.
- Peicuți, C. (2011) World in crisis. Systems errors, Polirom Publishing House, Iași.
- Young, B. (2014) Financial crisis: causes, policy responses, future challenges, European Commission, Nr. 26554, available online at https://publications.europa.eu/en/publication-detail/-/publication/aad9777e-2960-4b11-b8b4-afd6832d76b2.
- Council of the Romanian Banking Unions, « Banks and Economic Growth», November 2014 available online at https://www.cpbr.ro/uploads/fisiere/f62_deloitte%20banking%20study%202015%20ro-small.pdf.pdf
- https://economie.hotnews.ro (HotNews site).
- https://www.insse.ro (National Institute of Statistics site)
- www.bnro.ro (National Bank of Romania).
Ayrıntılar
| Birincil Dil | İngilizce |
|---|---|
| Konular | Ekonomi |
| Bölüm | Research Articles |
| Yazarlar | |
| Yayımlanma Tarihi | 31 Temmuz 2019 |
| Gönderilme Tarihi | 11 Aralık 1899 |
| Yayımlandığı Sayı | Yıl 2019 Cilt: 1 Sayı: 1 |
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